Dhaka, Bangladesh (BBN)– The central bank of Bangladesh has sold US$27 million more to four commercial banks to meet the growing demand for the greenback in the market.
“We’ve sold the foreign currency to the banks on Thursday at market rate to settle import payment bills for different essential items,” a senior official of the Bangladesh Bank (BB) told the BBN in Dhaka.
The US dollar was quoted at BDT 82.96 in the inter-bank forex market on the day unchanged from the previous level, according to the market operators.
The central bank of Bangladesh has resumed giving the support in the recent months through selling the US currency to the banks directly to keep the market stable.
A total of $1.56 billion had been sold since July 01 of the ongoing fiscal year (FY) to the commercial banks as part of its ongoing support recipe, according to BB’s latest data.
The central bank may continue such support to the banks in line with the market requirement, the BB officials hinted.